Purchases and sales data for Devlin's first two-quarters of business are shown below: Quarter 1 Sales 76,000 cartons at $5.00 per carton Purchases January 18,000 cartons at $2.20 February 30,000 cartons at $2.40 Quarter 2 March 40,000 cartons at $2.80 Sales 86,000 cartons at $6.00 per carton Purchases April 26,000 cartons at $3.10 May 30,000 cartons at $3.50 June 24,000 cartons at $3.60 19. Calculate the Quarter 2 ending inventories (in dollars) using the LIFO inventory valuation method. $72,000 20. Calculate Quarter 2 GROSS PROFIT using the LIFO inventory valuation method. $1,923,960 21. Calculate the Quarter 2 ending inventories (in dollars) using the FIFO inventory valuation method. $2,160,000 22. Calculate Quarter 2 GROSS PROFIT using the FIFO inventory valuation method.